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March prices of European PVC rose for CIS markets

March 07/2019
MOSCOW (MRC) -- Negotiations on prices of European polyvinyl chloride (PVC) for March shipments to the CIS markets have begun this week. European producers increased their export prices on rise in ethylene prices in the region, according to ICIS-MRC Price report.

The March contract price of ethylene was agreed up by EUR30/tonne from February, which presupposes the decrease in PVC production costs by, at least, EUR15/tonne. Taking it into account European suppliers increased export prices of suspension PVC (SPVC) for March shipments to the markets of the CIS countries, prices are suggested to be risen by EUR10-20/tonne in comparison with February.

Demand for PVC from the main consumers in the CIS countries remained at a low level this month due to the seasonal factor. At the same time, some companies intend to slightly decrease the volume of purchases, since they have sufficient stocks of PVC from February purchases.

Some producers have restrictions on shipments in the current month, but given the low demand, such restrictions were not critical.

Deals for March shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were discussed in the range of EUR710-765/tonne FCA, whereas last month"s deals were done in the range of EUR690-755/tonne FCA.
Author:Anna Larionova
Category:General News
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